BlackRock Strategic Term Trust Adopts Plan of Liquidation

Apr 30, 2001, 01:00 ET from BlackRock Strategic Term Trust Inc.

    NEW YORK, April 30 /PRNewswire/ -- The Board of Directors of The BlackRock
 Strategic Term Trust Inc. (NYSE:   BGT; CUSIP: 09247P108) has adopted a plan of
 liquidation, which will result in the remaining dividend payments of the Trust
 from April 30, 2001 to the termination of the Trust on or about December 2002,
 to be classified as return of capital for tax purposes only.
     Please direct any questions concerning the Trust to BlackRock's marketing
 center at 800-227-7236.
     BlackRock (NYSE:   BLK) is one of the largest publicly traded investment
 management firms in the United States with $201.6 billion of assets under
 management as of March 31, 2001. BlackRock manages assets on behalf of more
 than 3,300 institutions and 200,000 individuals worldwide through a variety of
 equity, fixed income, liquidity and alternative investment separate accounts
 and mutual funds, including the Company's flagship fund families, BlackRock
 Funds and BlackRock Provident Institutional Funds. In addition, the Company
 provides risk management and technology services to a growing number of
 institutional investors under the BlackRock Solutions name. Clients are served
 from the Company's headquarters in New York City, as well as offices in
 Philadelphia, PA, Wilmington, DE, Edinburgh, Scotland and Tokyo, Japan.
 BlackRock is a member of The PNC Financial Services Group (NYSE:   PNC), one of
 the largest diversified financial services organizations in the United States,
 and is majority-owned by PNC and by BlackRock employees.  For more information
 on BlackRock, see http://www.blackrock.com.
 
     This press release contains forward-looking statements within the meaning
 of the Private Securities Litigation Reform Act with respect to financial
 performance and other financial and business matters. Forward-looking
 statements are typically identified by words or phrases such as "believe",
 "expect", "anticipate", "intend", "estimate", "position", "will", "should",
 "would", "could", "may" or similar expressions.  BlackRock cautions that these
 forward-looking statements are subject to numerous assumptions, risks and
 uncertainties, all of which change over time, and BlackRock assumes no duty to
 update forward-looking statements. Actual results could differ materially from
 those anticipated in these forward-looking statements.  In addition to factors
 previously disclosed by BlackRock, the factors underlying these
 forward-looking statements include, but are not limited to, the performance of
 financial markets, the investment performance of BlackRock's sponsored
 investment products government regulations, including tax law changes,
 competitive conditions, future acquisitions, the impact, extent and timing of
 technological changes, and general economic conditions including changes in
 market interest rates.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X86266084
 
 

SOURCE BlackRock Strategic Term Trust Inc.
    NEW YORK, April 30 /PRNewswire/ -- The Board of Directors of The BlackRock
 Strategic Term Trust Inc. (NYSE:   BGT; CUSIP: 09247P108) has adopted a plan of
 liquidation, which will result in the remaining dividend payments of the Trust
 from April 30, 2001 to the termination of the Trust on or about December 2002,
 to be classified as return of capital for tax purposes only.
     Please direct any questions concerning the Trust to BlackRock's marketing
 center at 800-227-7236.
     BlackRock (NYSE:   BLK) is one of the largest publicly traded investment
 management firms in the United States with $201.6 billion of assets under
 management as of March 31, 2001. BlackRock manages assets on behalf of more
 than 3,300 institutions and 200,000 individuals worldwide through a variety of
 equity, fixed income, liquidity and alternative investment separate accounts
 and mutual funds, including the Company's flagship fund families, BlackRock
 Funds and BlackRock Provident Institutional Funds. In addition, the Company
 provides risk management and technology services to a growing number of
 institutional investors under the BlackRock Solutions name. Clients are served
 from the Company's headquarters in New York City, as well as offices in
 Philadelphia, PA, Wilmington, DE, Edinburgh, Scotland and Tokyo, Japan.
 BlackRock is a member of The PNC Financial Services Group (NYSE:   PNC), one of
 the largest diversified financial services organizations in the United States,
 and is majority-owned by PNC and by BlackRock employees.  For more information
 on BlackRock, see http://www.blackrock.com.
 
     This press release contains forward-looking statements within the meaning
 of the Private Securities Litigation Reform Act with respect to financial
 performance and other financial and business matters. Forward-looking
 statements are typically identified by words or phrases such as "believe",
 "expect", "anticipate", "intend", "estimate", "position", "will", "should",
 "would", "could", "may" or similar expressions.  BlackRock cautions that these
 forward-looking statements are subject to numerous assumptions, risks and
 uncertainties, all of which change over time, and BlackRock assumes no duty to
 update forward-looking statements. Actual results could differ materially from
 those anticipated in these forward-looking statements.  In addition to factors
 previously disclosed by BlackRock, the factors underlying these
 forward-looking statements include, but are not limited to, the performance of
 financial markets, the investment performance of BlackRock's sponsored
 investment products government regulations, including tax law changes,
 competitive conditions, future acquisitions, the impact, extent and timing of
 technological changes, and general economic conditions including changes in
 market interest rates.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X86266084
 
 SOURCE  BlackRock Strategic Term Trust Inc.

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